Crypto & Blockchain Daily Brief Monday, December 9, 2024

The article discusses the price prediction for Cardano's ADA cryptocurrency on December 8th. It starts by highlighting the recent performance of ADA, noting that it has been trading in a range-bound zone with resistance at $1.45 and support at $1.25. The article mentions that ADA's price is currently consolidating below the $1.35 level and could potentially see a breakout in the near future. Technical analysis is then provided, indicating that if ADA breaks above the $1.35 level, it could rally towards the $1.45 resistance. On the other hand, if ADA fails to break above $1.35, it may decline towards the $1.25 support level. The article suggests that traders should watch out for a clear break above $1.35 or below $1.25 to determine the next direction for ADA's price. Furthermore, the article mentions that the overall market sentiment for cryptocurrencies is positive, which could potentially benefit ADA's price. It also highlights that ADA's recent developments, such as the Alonzo upgrade and partnerships with various organizations, could have a positive impact on its price in the future. In conclusion, the article emphasizes the importance of monitoring ADA's price movements around the key levels of $1.35 and $1.25 to anticipate potential breakout opportunities. It also suggests that positive market sentiment and recent developments could support ADA's price in the coming days.